AMLP vs. SPY
Compare and contrast key facts about Alerian MLP ETF (AMLP) and SPDR S&P 500 ETF (SPY).
AMLP and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AMLP and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMLP or SPY.
Performance
AMLP vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, AMLP achieves a 23.60% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, AMLP has underperformed SPY with an annualized return of 1.91%, while SPY has yielded a comparatively higher 13.07% annualized return.
AMLP
23.60%
5.01%
7.94%
23.03%
13.73%
1.91%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| AMLP | SPY | |
|---|---|---|
| Sharpe Ratio | 1.73 | 2.69 |
| Sortino Ratio | 2.42 | 3.59 |
| Omega Ratio | 1.30 | 1.50 |
| Calmar Ratio | 3.18 | 3.89 |
| Martin Ratio | 8.99 | 17.53 |
| Ulcer Index | 2.57% | 1.87% |
| Daily Std Dev | 13.37% | 12.15% |
| Max Drawdown | -77.19% | -55.19% |
| Current Drawdown | 0.00% | -1.41% |
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AMLP vs. SPY - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between AMLP and SPY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AMLP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AMLP vs. SPY - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.65%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.65% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AMLP vs. SPY - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AMLP and SPY. For additional features, visit the drawdowns tool.
Volatility
AMLP vs. SPY - Volatility Comparison
The current volatility for Alerian MLP ETF (AMLP) is 2.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.